Conversion Date Market Price means, (as set forth in the schedule below,) an amount that is equal to X%, as set forth in the schedule below, (the "X Percentage") of the average of the Market Price for Shares of Common Stock on each of the five trading days immediately preceding the Holder Conversion Date, subject to adjustment from time to time as set forth in Paragraph 7 hereof and in Section 6 of the Registration Rights Agreement.
Conversion Date Market Price means, at any Conversion Date the average Market Price for Shares of Common Stock for the five trading days immediately preceding the Conversion Date.
Conversion Date Market Price means, as of any Holder Conversion Date or other date of designation, an amount that is equal to the lesser of, subject to adjustment as provided herein, (a) the Fixed Conversion Price and (b) that percentage of the average Market Price for Shares of Common Stock during the five (5) trading days immediately preceding the Holder Conversion Date equal to (i) 92% if converted during the period beginning 120 days from the applicable Issuance Date and ending 180 days from the applicable Issuance Date, or (ii) 90% if converted at any time after 180 days from the applicable Issuance Date.
Examples of Conversion Date Market Price in a sentence
This Debenture shall be convertible at any time and from time to time after the Closing Date, in whole or in part, at the option of the Holder hereof, into fully paid, validly issued and nonassessable shares of Common Stock; provided that the Conversion Date Market Price is greater than the Ceiling.
More Definitions of Conversion Date Market Price
Conversion Date Market Price means, unless otherwise specified herein, an amount that is equal to the lesser of (a) the Maximum Conversion Price or (b) 101% of the average of the two lowest closing bid prices of the Common Stock as reported by the Bloomberg Service for the thirty (30) trading days immediately preceding the Holder Conversion Date, subject to adjustment from time to time as set forth in Paragraph 8 hereof and/or in the Subscription Agreement and/or Registration Rights Agreement (as defined in the Subscription Agreement).
Conversion Date Market Price means, at any Holder Conversion Date or Forced Conversion Date, as the case may be, the lesser of (i) an amount that is equal to ninety-two percent (92%) of the average Market Price for one share of Common Stock for the five trading days immediately preceding the date of a Conversion Notice, and (ii) the Ceiling.
Conversion Date Market Price means an amount that is equal to 80% of the average of the Market Price for Shares of Common Stock on each of the five trading days immediately preceding the Holder Conversion Date, subject to adjustment from time to time as set forth in Section 9 hereof.
Conversion Date Market Price means for each time period set forth below the average of the Market Price for Shares of Common Stock on the five (5) trading days immediately preceding the Conversion Date multiplied by the percentage set forth opposite such time period:
Conversion Date Market Price means, at any Holder Conversion Date, (i) $1.25 or (ii) if a Holder of Series R Preferred Stock shall make an Election (as defined below) for the Series T Preferred Stock held by such Holder only, the Average Stock Price, discounted by 10% (the "Applicable Percentage"); provided that the Applicable Percentage shall be adjusted from time to time, as provided in the Registration Rights Agreement (as hereinafter defined).
Conversion Date Market Price means, as of the applicable Conversion Date, the greater of (i) the Closing Bid Price of the Common Stock on the Trading Day immediately preceding the applicable Conversion Date and (ii) the VWAP of the Common Stock on the Trading Day immediately preceding the applicable Conversion Date (in each case, as appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction occurring on such Trading Day).
Conversion Date Market Price means, at any Holder Conversion Date or Forced Conversion Date, as the case may be, the lesser of (i) an amount that is equal to the percentage set forth in the table below (the "APPLICABLE PERCENTAGE") opposite the period in which the Holder Conversion Date or the Forced Conversion Date shall have occurred of the average Market Price for Shares of Common Stock for the five trading days immediately preceding the Holder Conversion Date or Forced Conversion Date, and (ii) an amount that is equal to the Applicable Percentage opposite the period in which the Holder Conversion Date or the Forced Conversion Date shall have occurred of the average Market Price for Shares of Common Stock for the ten trading days immediately preceding the Holder Conversion Date or Forced Conversion Date.